Galaxy CEO: Divisions remain within the Republican Party, with at least 4 opposing the Clarity Act.

BlockBeats news, September 15: Galaxy CEO Mike Novogratz posted that at least 4 Republican U.S. senators still oppose the Clarity Act.

It should be noted that the U.S. Senate needs 60 votes to advance the Clarity Act. The current composition of the 119th Senate is: 53 Republicans, 45 Democrats, and 2 independents (who usually vote with Democrats). Therefore, if Republicans cannot form a unified position internally, securing cross-party Democratic votes will greatly increase the difficulty of passing the Clarity Act.

Reports indicate that the internal Republican disagreement mainly centers on: some lawmakers' concerns that stablecoin yields could impact community bank deposits, that state attorneys general enforcement could be "weaponized," or dissatisfaction with developer protection provisions.